Find out how to eliminate unprofitable positions within the grid by masking them with worthwhile positions?
For instance, we now have a grid consisting of Purchase positions:
We see that the pattern is downward, and the chance of the value reversing upward is low. How can we scale back the drawdown within the order grid on this state of affairs and eliminate dropping positions?
On this case, you possibly can shut the furthest positions, for which the revenue + loss shall be equal to zero:
This manner, we decreased the scale of the order grid (the load on the deposit), eliminating probably the most distant unprofitable place.
Subsequent, we are able to open a pending order rather than the closed place, and if the value rolls again, we are able to shut probably the most unprofitable place once more.
However how are you going to keep away from lacking the second when the value rolls again? You should utilize TradePanel for this. Set it up and allow this characteristic. TradePanel will observe your place income, and as quickly as a chance arises to shut a dropping place with a worthwhile one, it’s going to achieve this.
Find out how to arrange this performance:
Go to the “Grids” tab and choose the order grid to which you wish to apply this performance:
If you do not have an order grid, you possibly can create one from present orders and positions by clicking this button and choosing the specified orders and positions:
Go to the AutoCl tab:
Configure the next settings:
1️⃣ Set the minimal loss for the place to which the perform must be utilized.
2️⃣ Set the revenue that ought to stay after the perform closes positions.
3️⃣ Set the variety of worthwhile positions the perform can use to shut a dropping place.
4️⃣ Allow the checkbox.
For instance, the next parameters had been set:
Minimal loss -$30,
Extra revenue $10,
Most variety of worthwhile positions used 3.
In accordance with these settings, the perform will seek for positions with a lack of at the least -$30. As quickly as such a place seems, TradePanel will start matching it with worthwhile positions.
Worthwhile positions shall be chosen such that the revenue from worthwhile positions offsets the loss from an unprofitable place, with a residual revenue of at the least $10. One to 3 worthwhile positions can be utilized to cowl the loss.
As quickly as worthwhile positions are discovered that offset the unprofitable place, the perform will instantly shut these positions and proceed trying to find new unprofitable positions.